GRI Index Table - compliance table to GRI G3 guidelines

GRI Index Table - compliance table to GRI G3 guidelines The 2010 SKF Sustainability Report covers the reporting period January to December 2010. Since 2000, SKF has adopted the Global Reporting Initiative s reporting guidelines in its sustainability reporting. This Report is of no exception and is based on the G3 Guidelines where SKF reports on all Profile Disclosures, Management Approach, relevant Core Performance Indicators and itional Indicators. As part of the report content definition and the reflection of its materiality, all reporting indicators have been carefully evaluated and those that are considered of significant materiality in relation to SKF's economic, environmental and social impact, as well as its sustainability performance, are included in the Sustainability Report. Other indicator explanations, where the statistics compilations deviate from the indicator protocol specified, or that are considered to be of less material value to SKF s reporting, are provided in the G3 Index table below. These are marked with, adjacent to the indicators and the comments given. The principle of ensuring qualitative reporting in terms of accuracy, comparability, clarity, timeliness, balance, and reliability, is highly valued by SKF. To live up to this principle, SKF has been submitting its Reports for third party verification for more than 10 years. The 2010 Sustainability Report was subject to a limited assurance, in accordance with Far (the institute for the accounting profession in Sweden) recommendation RevR 6 Assurance of sustainability reports. The Report on the review on the Sustainability Report is on page 147 in the SKF Annual Report (including Sustainability Report). With reference to the GRI G3 Application Level Criteria, the 2010 Sustainability report is self-declared to having fulfilled the A+ application level, which is confirmed by our external auditors KPMG. The following topics related to the SKF Annual Report (TRAR) 2010 including Sustainability Report are to be found at www.skf.com, choose Investors and Reports. - Articles of Association - The SKF Code of Conduct - The SKF Environmental, Health and Safety (EHS) Policy - Environmental performance data - Zero Accidents award winners - Production sites as of 31 December 2010 - Compliance table to GRI G3 Guidelines (G3 Index Table) - Carbon dioxide emissions data Compliance table to GRI G3 Guidelines (GRI Index Table).xls Page 1 of 7

Profile 1. Strategy and analysis 1.1 Statement from the most senior decision-maker of the organization about the relevance of sustainability to the organization on its strategy Presidents Letter (page 4-7), Administration Report 2010 (p. 8-35) Administration Report for the Parent Company, AB SKF (p. 36-37) 1.2 Description of key impact, risks and opportunities 23, 126-140 2. Organization profile 2.1 Name of the organization Back cover 2.2 Primary brands, products, and/or services 2 and 26-31 2.3 Operational structure of the organization, including main divisions, operating companies, subsidiaries, and joint ventures 2.4 Location of organization s headquarters 2, 16-17, 101-102 Back cover, visiting address: Hornsgatan 1, 415 50, Göteborg, Sweden 2.5 Number of countries where the organization operates, and names of countries with either major operations or that are specifically relevant to the sustainability issues covered in the report. 12, Segment information (note 2 p. 68), - SKF has major operations globally with importance to sustainability, examples of this is given on pages 131-133. It it also disclosed in the Topics Related to Annual Report available on skf.com/investors - Production Sites 2.6 Nature of ownership and legal form 10-11. + TRAR articles of association Market served (including geographical breakdown, sectors served, and types of 12-13, 16-17, Segment information (note 2 p. 67-68), + Divisions p. 2.7 customers/beneficiaries). and 110-121 2.8 Scale of reporting organization Key Data p. 1 2.9 Significant changes during the reporting period regarding size, structure, or ownership. 14 2.10 Awards received in the reporting period. 37, 145 3. Report parameters 3.1 Reporting period for information provided. 146 3.2 Date of most recent previous report. 146, previous report was published March 2010 3.3 Reporting cycle 146 3.4 Contact point for questions regarding the report or its contents. General information p. 160 3.5 Process for defining report content. 146 3.6 Boundary of the report 146 3.7 State any specific limitations on the scope or boundary of the report 146 3.8 Basis for reporting on joint venture, subsidiaries, leased facilities, outsourced operations, and other entities that can significantly affect comparability from period to period and/or between organizations. 146 3.9 Data measurement techniques and the bases of calculations, including assumptions and techniques underlying estimations applied to the compilation of the Indicators and other information in the report. 146 3.10 Explanation of the effect of any restatements of information provided in either reports, and the reasons for such restatement. No restatements 3.11 Significant changes from previous reporting periods in the scope, boundary, or measurement methods applied in the report. 3.12 Table identifying the location of the Standard Discloses in the report. 3.13 Policy and current practice with regard to seeking external assurance for the report. 135 (Change in reporting period for logistics data), 146 GRI Index Table - will be available on www.skf.com, Investors/Reports 146 and 147 Compliance table to GRI G3 Guidelines (GRI Index Table).xls Page 2 of 7

4.1 4.2 4.3 4.4 Profile 4. Governance, Commitments, and Engagement Governance structure of the organization, including committees under the highest governance body responsible for specific tasks, such as setting strategy or organizational oversight. Indicate whether the Chair of the highest governance body is also an executive officer. For organizations that have a unitary board structure, state the number of members of the highest governance body that are independent and/or nonexecutive members. Mechanism for shareholders and employees to provide recommendations or direction to the highest governance body. 42-43 44 47 46, -145, 160 - The mechanism to provide recommendations to the company are primarily annual shareholder's meeting and for employees through their representatives on the board. In addition there is the World Works Council and European Works Council at which employee representatives meet the with group management 4.5 4.6 4.7 4.8 4.9 4.10 4.11 4.12 Linkage between compensation for members of the highest governance body, senior managers, and executives and the organizations performance. Process in place for the highest governance body to ensure conflicts of interests are avoided. Process for determining the qualifications and expertise of the members of the highest governance body for guiding the organization s strategy on economic, environmental, and social topics. Internally developed statement of mission or values, codes of conduct, and principles relevant to economic, environmental, and social performance and the status of their implementation. Procedures of the highest governance body for overseeing the organization s identification and management of economic, environmental, and social performance, including relevant risks and opportunities, and adherence or compliance with internationally agreed standards, codes of conduct, and principles. Processes for evaluating the highest governance body s own performance, particularly with respect to economic, environmental, and social performance. Explanation of whether and how the precautionary approach or principles is assessed by the organization. Externally developed economic, environmental, and social charters, principles or other initiatives to which the organization subscribes or endorses. 38, 87-89 - Where applicable to the positions, social and environmental performance is included in the evaluation of managers' performance with regards to compensation. 47 - The internal work for the Board is defined in the written rules of procedure. There is a yearly assessment of the work performed by the Board which also forms the basis for the nomination committe and hence secures qualifications and expertise of Board members with regards to all relevant aspects, as described on page 47 3, 126-127, 130, 138, 141 43, 47, 125-126 - The internal work for the Board is defined in the written rules of procedure 47 125 4.13 Memberships in associations. 145 4.14 List of stakeholder groups engaged by the organization 4.15 Basis for identification and selection of stakeholders with whom to engage Approach to stakeholder engagement, including frequency of engagement by type 4.16 and by stakeholder group. Key topics and concerns that have been raised through stakeholder engagement, 4.17 and how the organization has responded to those key topics and concerns, including through its reporting. -145 Core EC1 Direct economic value generated and distributed 52-58, 146 Core EC2 Core EC3 Financial implications and other risks and opportunities and for the organization s activities due to climate change. Coverage of the organization s defined benefit plan obligations. 2-3, Presidents Letter (page 4-7), Financial Targets p. 3, p 21, SKF the knowledge engineering company p. 24-28 132 Note 18:Provisions for post-employment benefits p. 80-83 - information is disclosed according to Swedish accounting legislation Core EC4 Significant financial assistance received from government. No significant financial assistance was received EC5 Core EC6 Core EC7 Core EC8 5. Management Approach and Performance Indicators. Economic performance indicators EC9 Range of ratios of standard entry level wage compared to local minimum wage at significant locations of operations. Policy, practices, and proportion of spending on locally-based suppliers at significant locations of operations. Procedures for local hiring and proportion of senior management hired from the local community at locations of significant operations. Development and impact of infrastructure investments and services provided primarily for public benefit through commercial, in-kind, or pro bono engagement. Understanding and describing significant indirect economic impacts, including the extent of impacts. SKF does not differentiate major suppliers in terms of global or local, though there is a distinction between Major and Non-major suppliers: p. 127 "Responsible Demand Chain" 139 142 Compliance table to GRI G3 Guidelines (GRI Index Table).xls Page 3 of 7

Profile Environmental performance indicators 130-137, + SKF's ISO 14001 Environmental Management System Policy and ISO 14001 Management System 130, the SKF EHS Policy 130-137 Core EN1 Materials used by weight or volume 136, TRAR-environmental performance data Core EN2 Percentage of materials used that are recycled input materials. TRAR-environmental performance data Core EN3 Direct energy consumption by primary energy source. Core EN4 indirect energy consumption by primary source 133-135, TRAR-carbon dioxide emissions data EN5 Energy saved due to conservation and efficiency improvements. EN6 Initiatives to provide energy-efficient or renewable energy based products and services, and reductions in energy requirements as a result of these initiatives. 132-135 EN7 Initiatives to reduce indirect energy consumption and reductions achieved. Core EN8 Total water withdrawal by source. As the majority of SKF factories are located in industrial zones, water, to a large extent is supplied by municapalities. Thus SKF monitors total water consumption at operating units and not according to water withdrawal by source. SKF monitors water consumptions - p. 137 and the TRAR-environmental performance data. EN9 Water sources significantly affected by withdrawal of water Core EN11 Core EN12 EN10 Percentage and total volume of water recycled and reused. Location and size of land owned, leased, managed in, or adjacent to, protected areas and areas of high biodiversity value outside protected areas. Description of significant impacts of activities, products, and services on biodiversity in protected areas and areas of high biodiversity value outside protected areas. EN13 Habitat protected or restored. EN14 Strategies, current actions, and future plans for managing impacts on biodiversity. Number of IUCN Red List species and national conservation list species with EN15 habitats in areas affected by operations, by level of extinction risks. Core EN16 Total direct and indirect greenhouse gas emissions by weight SKF has no activities in protected areas, nor areas of high biodiversity value. SKF reports total land area owned and leased by its manufacturing site - p.137 and TRAR-environmental performance data 133-135 TRAR-carbon dioxide emissions, data Core EN17 Other relevant indirect greenhouse gas emissions by weight. 134 - SKF has established that carbon dioxide (CO2) is the most significant greenhouse gas produced as a result of its business activities. SKF reports scope 1, 2 and partial scope 3 CO2 emissions. EN18 Initiatives to reduce greenhouse gas emissions and reductions achieved. 131-135 Core EN19 Emissions of ozone-depleting substances by weight. Ozone depleting substances are reported and disclosed in kg - TRARenvironmental performance data and p.136 Core EN20 NO, SO, and other significant air emissions by type and weight. SKF has established that CO 2 is by far the most significant greenhouse gas produced as a result of its operations. Thus only CO 2 emissions is reported. Nonetheless, SKF also monitors CO, SO 2, NO 2, PM and hydrocarbon for its logistics and transportations. Consequently targets was set for SO2, NO2, PM reductions due to the significant impact of such emissions from transportations p. 135 Core EN21 Total water discharge by quality and destination Core EN22 Total weight of waste by type and disposal method. Core EN23 Total number and volume of significant spills EN24 EN25 Core EN26 Core EN27 Weight of transported, imported, exported, or treated waste deemed hazardous under the terms of Basel Convention Annex I, II, III, and VII, and percentage of transported waste shipped internationally. Identity, size, protected status, and biodiversity value of water bodies and related habitats significantly affected by the reporting organization s discharges of water and runoff. Initiatives to mitigate environmental impacts of products and services, and extent of impact mitigation. Percentage of products sold and their packaging materials that are reclaimed by category. Monetary value of significant fines and total number of non-monetary sanctions for Core EN28 non-compliance with environmental laws and regulations. Significant environmental impacts of transporting products and other goods and EN29 materials used for the organization s operations, and transporting members of the workforce. EN30 Total environmental protection expenditures and investment by type. All SKF's manufacturing sites are certified according to ISO 14001 and water discharges shall abide by the local law and legislations. SKF's focus is on areas with high water scarcity - p. 137 137 and TRAR-environmental performance data See TRAR- environmental performance, data 30-31, BeyondZero p. 128-129 SKF does not measure % of products or packaging materials reclaimed since focus is on indicators related to our own production process. However, we try to minimize the enviromental impact from our packaging material as described in the report - p.137 130. Amount disclosed in TRAR- environmental performance data 134-135 TRAR-carbon dioxide emissions data Compliance table to GRI G3 Guidelines (GRI Index Table).xls Page 4 of 7

Profile Labour practices and decent work performance indicators Policy and OHSAS management system 138-140, The SKF Code of Conduct, The SKF EHS Policy, SKF's OHSAS 18001 management system 138-140 Core LA1 Total workforce by employment type, employment contract, and region. Key Data p. 1, Geographical breakdown p. 12, Financial Reports Note 27: Average number of employees p. 91 - The workforce is disclosed as a total an by region. Core LA2 Total number and rate of employee turnover by age group, gender, and region. SKF monitors the employee retention rate annually by the Group and regions, but not by age group and gender p. 138-139 LA3 Benefits provided to full-time employees that are not provided to temporary or part-time employees, by major operations. Core LA4 Percentage of employees covered by collective bargaining agreements. 138 Core LA5 Minimum notice period(s) regarding operational changes, including whether it is specified in collective agreements. 139 - notice regarding operational changes are defined case-by-case basis with the local unions, and/or reviewed at the European and World Works Councils. LA6 Percentage of total workforce represented in formal joint management-worker health and safety committees that help monitor and advise on occupational health and safety programs. 139 - joint health and safety committees is a requirement in the OHSAS management system Core LA7 Rates of injury, occupational diseases, lost days, and absenteeism, and number of work-related fatalities by region. 139, (Notes to the financial statements of the Parent Company) Note 11: Absence due to illness p. 104 Core LA8 Education, training, counselling, prevention, and risk-control programs in place to assist workforce members, their families, or community members regarding serious diseases. 139- occupational related health-risk programme is covered in the OHSAS 18001, p. 138 - non-occupational health risk programme such as HIV/Aids, p. 140 - HIV/Aids programme for the communities LA9 Health and safety topics covered in formal agreements with trade unions. 139 Core LA10 Average hours of training per year per employee by employee category. 140 - SKF does not monitor average training hours per employees because training is provided to all employees based on development need and potential, as agreed in Individual Development Plan. LA11 Programs for skills management and lifelong learning that support the continued employability of employees and assist them in managing career endings. LA12 Core LA13 Percentage of employees receiving regular performance and career development reviews. Composition of governance bodies and breakdown of employees per category according to gender, age group, minority group membership, and other indicators of diversity. 140, all SKF employees have the right to a Individual Development Plan 44-46, 139 and 148-149 - "SKF reports the composition of workforce by gender and the composition of governance bodies by gender and age. SKF does not categorize employees or management by age group or minority." Core LA14 Ratio of basic salary of men to women by employee category. 139 - the salary ratio of male to female salaries is available at the local unit, not aggregated to the Group level. Human rights performance indicators Policy and OHSAS management system 126-127 and 138-140 126-127, 138-140, The SKF Code of Conduct, The SKF Code of Conduct for Suppliers and Sub-contractors, the SKF Quality Standard for Suppliers (www.skf.com), The SKF Code of Conduct for Authorized Distributors, 126 Core HR1 Core HR2 HR3 Core HR4 Core HR5 Core HR6 Core HR7 Percentage and total number of significant investment agreements that include human rights clauses or that have undergone human rights screening Percentage of significant suppliers and contractors that have undergone screening on human rights and actions taken. Total hours of employees training on policies and procedures concerning aspects of human rights that are relevant to operations, including the percentage of employees trained. Total number of incidents of discrimination and actions taken. Operations identified in which the right to exercise freedom of association and collective bargaining may be at significant risk, and actions taken to support these rights. Operations identified as having significant risk for incidents of child labour, and measures taken to contribute to the elimination of child labour. Operations identified as having significant risk for incidents of forced labour, and measures taken to contribute to the elimination of forced or compulsory labour. 139. - Also, for new constructions, Human Rights are covered in the Tendering and Contract Award clause; referring to the SKF Code of Conduct, the EHS Policy, and the SKF General Conditions of Purchase. 126-128 - human rights performance are incorporated in SKF's ethical demand chain process (suppliers and sub-contractors) and expectation of compliance is incorporated in agreement with distributors. 126 - Training on human rights principles are covered in the SKF Code of Conduct training and/or the SKF Commitment workshops. 139 - For reasons of confidentiality and respect to employees, SKF does not disclose the number and the nature of the complaints received via the whistle-blower system. 126 - These are covered in the SKF's non-financial risk assessments that covers all manufactring sites. No organizations are identified as high risk in these aspects, 138-139. SKF s policies and the SKF Code of Conduct Compliance table to GRI G3 Guidelines (GRI Index Table).xls Page 5 of 7

HR8 HR9 Profile Percentage of security personnel trained in the organization s policies or procedures concerning aspects of human rights that are relevant to operations Total number of incidents of violations involving rights of indigenous people and actions taken. No incidents Compliance table to GRI G3 Guidelines (GRI Index Table).xls Page 6 of 7

Society performance indicators Policy Profile 126-128 and 141-143 126, 141 The SKF Social Policy (included in the SKFCode of Conduct) Core SO1 Core SO2 Core SO3 Nature, scope and effectiveness of any programs and practices that assess and manage the impacts of operations on communities, including entering, operating, and exiting. Percentage and total number of business units analyzed for risks related to corruption. Percentage of employees trained in organization s anti-corruption policies and procedures. Core SO4 Actions taken in response to incidents of corruption. 126 Core SO5 SO6 SO7 Core SO8 126-127 141-143 SKF reports nature, scope and results of community programmes and practices. 126, 138-139 Mandatory for key finance personal at all legal units to be aware of such policy and procedures. Training program delivery to all relevant personnel (or to delegated representatives) was completed in 2010. Percentage of the entire workforce is of negligible relevance. The denomination of key persons to undergo such awareness is found on 126. The SKF Code of Conduct - SKF does not take political stand or Public policy positions and participation in public policy development and lobbying. participates in lobbying activities. Total value of financial and in-kind contributions to political parties, politicians, and related institutions by country. Total number of legal actions for anti-competitive behaviour, anti-trust, and monopoly practices and their outcomes. Monetary value of significant fines and total number of non-monetary sanctions for None recorded non-compliance with laws and regulations. Core PR1 PR2 Core PR3 PR4 PR5 Core PR6 Product responsibility performance indicators Policy Life cycle stages in which health and safety impacts of products and services are assessed for improvement, and percentage of significant products and services categories subject to such procedures. Total number of incidents of non-compliance with regulations and voluntary codes concerning health and safety impacts of products and services during their life cycle, by type of outcomes. Type of product and service information required by procedures, and percentage of significant products and services subject to such information requirement. Total number of incidents of non-compliance with regulations and voluntary codes concerning product and service information and labelling, by type of outcomes. Practices related to customer satisfaction, including results of surveys measuring customer satisfaction. Programs for adherence to laws, standards, and voluntary codes related to marketing communications, including advertising, promotion, and sponsorship. 125-126 125-126 125, 129, the SKF Code of Conduct, the SKF Communication Policy 125-126 and129 28, 125 Non recorded All products are subject to marking of some sort, whether it is regarding handling, security, content etc. However, percentage and type of marking cannot be provided due to the vast product range. In addition, SKF adheres to certain legislation and industry standards as is disclosed on page 125. SKF Group Quality department performs regular survey / assessments on customer satisfaction. This is done every year via electronic questionnaires. 129 - SKF products are not banned in certain markets or subject to stakeholder debate. PR7 PR8 Core PR9 Total number of incidents of non-compliance with regulations and voluntary codes concerning marketing communications, including advertising, promotion, and sponsorship by type pf outcomes Total number of substantiated complaints regarding breaches of customer privacy and losses of customer data. Monetary value of significant fines for non-compliance with laws and regulations concerning the provision and use of products and services. None recorded Compliance table to GRI G3 Guidelines (GRI Index Table).xls Page 7 of 7